Bursar

CHESS-posted 3 months ago
$55,000 - $55,000/Yr
Full-time
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The Bursar oversees and manages the operations of student, faculty, and staff accounts, serving as the custodian of institutional funds. Bursar will oversee the financial operations of the institution, primarily the tuition billing, student accounts management, financial aid disbursement, and cash management. The role involves ensuring compliance with university, state, federal regulations, financial policies, and accounting standards while providing excellent customer service to students, faculty, and staff.

  • Strategic leadership in areas of tuition and fee structuring, billing and receivables, financial aid resource integration, petty cash management, and payment processing.
  • Develop, align and manage the revenues of institution's annual budget, forecasting revenue; assist in reconciling expenses, allocating funds, and monitoring budget performance to ensure financial sustainability and compliance with financial goals.
  • Oversee the billing and collection of tuition fees, student fees, and other charges, coordinating billing processes, issuing invoices, and managing payment processing to ensure accurate and timely payments.
  • Manage student receivables of student accounts, including processing the disbursements of financial aid, scholarships, grants, loans, and payment plans, ensuring compliance with federal regulations and institutional policies.
  • Maintain accurate student accounts records, financial transactions, and receivables, reconciling accounts, resolving discrepancies, and generating financial reports for analysis and decision-making.
  • Provide financial counseling and assistance to students and families regarding tuition costs, financial aid options, payment plans, and debt management, fostering financial literacy and responsible financial practices.
  • Implement and enforce financial policies, procedures, and internal controls to safeguard institutional assets, prevent fraud, and ensure compliance with accounting standards and regulatory requirements.
  • Manage cash flow and treasury operations, overseeing bank accounts, cash disbursements, deposits, and investments, optimizing liquidity and managing financial risk.
  • Prepare financial reports, statements, and analyses for Executive Director of Finance/CFO, senior finance management, and external auditors, presenting financial data, trends, and insights to support decision-making and planning.
  • Collaborate with financial aid office, admissions office, and academic departments to develop and implement strategies for student recruitment, retention, and financial support.
  • Stay updated on federal, state, and local regulations, laws, and policies related to higher education finance, financial aid programs, tax compliance, and reporting requirements.
  • Participate in strategic planning, policy development, and institutional initiatives related to financial management, contributing expertise and insights to achieve organizational goals and objectives.
  • Bachelor's degree in accounting, finance, business administration, or a related field; master's degree is preferred.
  • At least 9 hours of accounting.
  • Five years’ experience in education finance or related business services.
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